The Global Electroconvulsive Therapy Devices Market size is projected to reach USD 1.94 billion by 2028, at a CAGR of 7%. It is driven by factors such as high prevalence of mental disorders, increasing demand for alternative therapies like ECT, technological advancements and increasing awareness about benefits associated with ECT among the public. However, various side effects (memory loss) associated with ECT may hinder the market growth during the forecast period.
Electroconvulsive Therapy or ECT refers to a treatment for mental disorders that involves administering an electrical current to the brain. The devices used are called electrodes and they are placed on the head of patients undergoing this form of treatment. These devices can be unilateral, bilateral, or transcranial depending on their application in differing situations. ECT is administered when all other treatments have failed in order to treat severe depression, bipolar disorder, and schizophrenia which do not respond well to any kind of medication including antidepressants and antipsychotics.
On the basis of Type, the market is segmented into Unilateral and Bilateral.
Unilateral Electroconvulsive Therapy (ECT) is a common and widely used form of ECT. In this procedure, the patient's head is fitted with an electrode that delivers electric current to one side of the brain only in order to cause brief seizures. The seizure may be triggered by applying electricity through the electrodes on both sides simultaneously or just from one electrode placed on either side depending upon how high up on the forehead it is applied. This procedure usually lasts for five seconds but can go up to 20 seconds if required.
Bilateral Electroconvulsive Therapy is a procedure where two electrodes are placed on the head and electric current is passed through both sides of the brain. This produces bilateral seizures that generally last for 25 seconds or even up to one minute, depending upon various factors like age, health condition, seizure threshold, etc.
On the basis of Application, the market is segmented into Hospitals, Specialty Clinics, Mental Hospitals, and Others. The market is dominated by the hospital segment in terms of revenue followed by specialty clinics and mental hospitals segments respectively.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. The market in the European region is expected to grow at a significantly higher rate due to the rise in awareness about ECT treatments.
Up Market Research published a new report titled “Electroconvulsive Therapy Devices Market research report which is segmented by Types (Unilateral, Bilateral), By Applications (Hospitals, Specialty Clinics, Mental Hospitals, Others), By Players/Companies Mecta, Ectron, I.E. Somatic, St.Jude Medical”.
|Report Attributes||Report Details|
|Report Title||Electroconvulsive Therapy Devices Market Research Report|
|By Type||Unilateral, Bilateral|
|By Application||Hospitals, Specialty Clinics, Mental Hospitals, Others|
|By Companies||Mecta, Ectron, I.E. Somatic, St.Jude Medical|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||219|
|Number of Tables & Figures||154|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Unilateral, Bilateral and By Application Hospitals, Specialty Clinics, Mental Hospitals, Others.
Some of the companies that are profiled in this report are:
Electroconvulsive Therapy Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Electroconvulsive Therapy Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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